SEBI on 6th September 2023 issued clarification regarding the investment of Mutual Fund schemes in units of the Corporate Debt Market Development Fund.
The following has been stated namely
This has reference to the SEBI Circular dated July 27, 2023, on Investment by Mutual Fund Schemes and AMCs in units of the Corporate Debt Market Development Fund (“CDMDF”).
It is clarified that for calculation of asset allocation limits of mutual fund schemes in terms of Part IV of Chapter 2 on ‘Categorization and Rationalization of Mutual Fund Schemes’ of Master Circular for Mutual Funds dated May 19, 2023, investment in units of CDMDF shall be excluded from the base of net assets.
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